Kik Launches New Ways to Earn and Spend Kin

June 27, 2018News

WATERLOO, Ontario – June 27, 2018 - Kik Interactive, Inc., creator of the popular chat platform Kik, today announced new experiences powered by the cryptocurrency Kin. Chat themes, a new feature for customizing chat screens, are now available to users. Kik users also have more opportunities to earn Kin, then spend their Kin on premium versions of the new chat themes feature via the Kin Marketplace Beta, a central place for Kin experiences. These are the first experiences running on the Kin Blockchain.

“Our goal is to make Kin the most used cryptocurrency in the world and getting Kin into the hands of more Kik users is a critical step in achieving this,” said Ted Livingston, founder and CEO of Kik and Kin. “Blockchain is a new and complex technology, but consumers don’t have to understand the technology in order to use it. With these new experiences, we want to demonstrate how simple and seamless cryptocurrency-driven experiences can be.”

A sample of approximately 1,000 Kik users can now earn Kin by completing tasks, including a tutorial, quizzes, and polls. In exchange for their time, users will earn a preset amount of Kin that is based on the complexity level of the task. These users will then have access to premium themes that customize a user’s chat screen.

Kin continues advancing its blockchain technology, which recently achieved 1.2 million transactions per day at a rate of 20 transactions per second. As Kin pushes boundaries in the blockchain space, Kik will use Kin as a pillar of its product strategy, supporting Kin’s mission to drive mainstream adoption of cryptocurrency. Kik plans to scale Kin-powered experiences to all users and will continue working toward introducing a creator marketplace where users will have the ability to create content, like their own chat themes, that can be accessed with Kin.

The Kin Ecosystem Foundation is a Canadian nonprofit corporation established for the governance of the cryptocurrency Kin and is tasked with growing an open ecosystem of digital services. The foundation will oversee the Kin Ecosystem on matters, including development of the Kin Rewards Engine, membership, security, and the ecosystem’s transition to a fully decentralized model that operates independently of Kik. For more information, please visit https://kinecosystem.org.

About Kik

Kik Interactive, Inc., connects the world through chat. The company is the maker of Kik, a chat platform popular where people can chat with friends and connect with chat-based services. Founded in 2009, Kik Interactive, Inc. is headquartered in Waterloo, Ontario, Canada, and has offices in New York, Tel Aviv, and Toronto. For more information, please visit https://www.kik.com.